N2OFF, Inc. announced a private placement of promissory note for gross proceeds of $1,455,000 on April 4, 2024. The transaction included participation from new lender YA II PN, Ltd. , a fund managed by Yorkville Advisors Global LP. The note carries a coupon of 8% per annum and would mature on April 4, 2025.

The dentures are issued at an original issue discount 3%, for principal amount of $1,500,000. Commencing June 3, 2024 and every 30 days thereafter, the Company is required to pay $150,000, together with accrued and unpaid interest on the then outstanding principal. The entire remaining principal balance and unpaid interest amount of the Note becomes due and payable in full at maturity.